Omega Healthcare Investors Inc (OHI) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 38 from a previous price target of $35 . Stifel advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Omega Healthcare Investors Inc. Company shares were Reiterated by Stifel on Mar 15, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Omega Healthcare Investors Inc was Upgraded by Jefferies to ” Buy” on Feb 25, 2016. Omega Healthcare Investors Inc was Upgraded by JMP Securities to ” Mkt Outperform” on Feb 11, 2016.
On the company’s financial health, Omega Healthcare Investors Inc reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.81. The company had revenue of $212.90 million for the quarter, compared to analysts expectations of $174.42 million. The company’s revenue was up 59.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.
Omega Healthcare Investors Inc opened for trading at $34.08 and hit $35.15 on the upside on Wednesday, eventually ending the session at $35.04, with a gain of 2.22% or 0.76 points. The heightened volatility saw the trading volume jump to 20,10,611 shares. Company has a market cap of $6,592 M.
In a different news, on Feb 16, 2016, Thomas F Franke (director) purchased 16,000 shares at $28.66 per share price. According to the SEC, on Nov 17, 2015, C Taylor Pickett (CEO) purchased 4,200 shares at $32.56 per share price. On Sep 9, 2015, Bernard J Korman (director) purchased 1,000 shares at $32.64 per share price, according to the Form-4 filing with the securities and exchange commission.
Omega Healthcare Investors Inc. (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities long-term care facilities located throughout the United States. The Company provides lease or mortgage financing to qualified operators of skilled nursing facilities (SNFs) and assisted living facilities (ALFs) independent living facilities rehabilitation and acute care facilities. It finances investments through borrowings under its revolving credit facilities private placements or public offerings of its debt and equity securities secured indebtedness retention of cash flow or a combination of these methods. Its portfolio of real estate investments include over 900 properties located in 41 states and operated by 81 different operators. Its portfolio includes healthcare facilities and mortgages on healthcare facilities. It also offers fixed-rate mortgage loans.